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Property profile & analytics
OFF-MARKET
Warehouses
801 Hosmer St Lansing, MI 48912
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1765346
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
3,224 SF
Lot
0.43 ac (18,557 SF)
Zoning code
A RESID
APN
33-01-01-22-102-004
UPID
US43-1765346
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M&m Investment Properties · 7 yrs held
M&m Investment Properties
since 2019
5 recorded transactions
Zoning & alternative use
A RESID · Lansing, MI
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$9,580
Tax year 2020
Assessed value
$78,200
Assessed 2023
Previous assessed
$77,200
+1.3% YoY
Effective rate
12.25%
On assessed value
Assessed land
$13,300
Assessed improvement
$64,900
Land market value
$26,600
Improvement market value
$129,800
Total market value
$156,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Heating
SPACE
Stories
2
Bathrooms
1
Total area
3,224 SF
Lot
0.43 ac (18,557 SF)
Zoning code
A RESID
APN
33-01-01-22-102-004
UPID
US43-1765346
Jurisdiction
INGHAM
Zoning & alternative use
A RESID · Lansing, MIZoning A RESID · permitted uses
A RESID · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1973
Heating
SPACE
Stories
2
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
M&m Investment Properties
Entity
Mailing address
4608 W MICHIGAN AVE, LANSING, MI 48917-3437
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2019
$109,114
M&m Investment Properties
Theresa A Deluca
Warranty Deed
$74,169 · The Dart Bank
Mar 16, 2016
—
M & M Investment Properties
Deluca,theresa A
Grant Deed
—
Jul 16, 2015
—
Theresa Deluca
Deluca,theresa
Quit Claim Deed
related
—
Jul 9, 2014
—
Theresa A Deluca
Deluca,theresa A
Quit Claim Deed
related
—
Sep 1, 2005
—
Theresa A Deluca
Deluca,peter P
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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